{"id":2564,"date":"2026-08-16T15:40:49","date_gmt":"2026-08-16T12:40:49","guid":{"rendered":"https:\/\/sites.uwasa.fi\/mfjuva\/?page_id=2564"},"modified":"2026-08-16T15:40:49","modified_gmt":"2026-08-16T12:40:49","slug":"greek-sovereign-debt","status":"publish","type":"page","link":"https:\/\/sites.uwasa.fi\/mfjuva\/all-issues\/greek-sovereign-debt\/","title":{"rendered":""},"content":{"rendered":"

Greek Sovereign Debt: Addressing Economic Distress and Growth in the Euro Area<\/h2>\n

Multinational Finance Journal, 2018, vol. 22, no. 1\/2, pp. 1\u201333<\/p>\n

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Panayotis Alexakis<\/strong>,\u00a0 National and Kapodistrian University of Athens, Greece<\/em><\/p>\n

Gikas Hardouvelis<\/strong>,\u00a0University of Piraeus & Ex Minister of Finance of Greece, Greece<\/em><\/p>\n

Dean Paxson<\/strong>, University of Manchester, UK<\/em><\/p>\n

Gordon Sick<\/strong>, University of Calgary, Canada<\/em><\/p>\n

Lenos Trigeorgis<\/strong>, University of Cyprus, Cyprus & King\u2019s College London & MIT, UK<\/em><\/p>\n

 <\/p>\n

Abstract:<\/strong><\/p>\n

This article addresses certain key issues of the Greek sovereign debt crisis and its broader economic distress and growth implications for the Euro Area. It also offers a number of remedies, including growth indexed bonds, fiscal balances over the growth cycle, structural reforms, and the use of real option analysis in relevant public policy areas involving either inefficient or growth sectors of the economy.<\/p>\n

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Keywords:<\/strong><\/h3>\n

Greek sovereign debt; Eurozone financial crisis; GDP-linked bonds; structural reforms; real options.<\/p>\n

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Citation (APA):<\/strong><\/h3>\n

Alexakis, P., Hardouvelis, G., Paxson, D., Sick, G., & Trigeorgis, L. (2018). Greek sovereign debt: Addressing economic distress and growth in the euro area. Multinational Finance Journal, 22<\/em>(1\/2), 1\u201333.<\/p>\n

Citation (Harvard):<\/strong><\/h3>\n
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Alexakis, P., Hardouvelis, G., Paxson, D., Sick, G. and Trigeorgis, L., 2018. Greek Sovereign Debt: Addressing Economic Distress and Growth in the Euro Area. Multinational Finance Journal<\/em>, 22(1\/2), pp.1\u201333.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Greek Sovereign Debt: Addressing Economic Distress and Growth in the Euro Area Multinational Finance Journal, 2018, vol. 22, no. 1\/2, pp. 1\u201333 Panayotis Alexakis,\u00a0 National and Kapodistrian University of Athens, Greece Gikas Hardouvelis,\u00a0University of Piraeus & Ex Minister of Finance of Greece, Greece Dean Paxson, University of Manchester, UK Gordon Sick, University of Calgary, Canada […]<\/p>\n","protected":false},"author":621,"featured_media":0,"parent":221,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-2564","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/sites.uwasa.fi\/mfjuva\/wp-json\/wp\/v2\/pages\/2564"}],"collection":[{"href":"https:\/\/sites.uwasa.fi\/mfjuva\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sites.uwasa.fi\/mfjuva\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sites.uwasa.fi\/mfjuva\/wp-json\/wp\/v2\/users\/621"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.uwasa.fi\/mfjuva\/wp-json\/wp\/v2\/comments?post=2564"}],"version-history":[{"count":1,"href":"https:\/\/sites.uwasa.fi\/mfjuva\/wp-json\/wp\/v2\/pages\/2564\/revisions"}],"predecessor-version":[{"id":2565,"href":"https:\/\/sites.uwasa.fi\/mfjuva\/wp-json\/wp\/v2\/pages\/2564\/revisions\/2565"}],"up":[{"embeddable":true,"href":"https:\/\/sites.uwasa.fi\/mfjuva\/wp-json\/wp\/v2\/pages\/221"}],"wp:attachment":[{"href":"https:\/\/sites.uwasa.fi\/mfjuva\/wp-json\/wp\/v2\/media?parent=2564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}